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CNN
Nov 29, 2012 2:00am PST
cliff and things are heating up on capitol hill. tim geithner, the chief fiscal cliff negotiator will meet with congressional leaders in an effort to get talks moving. there's no time to waste because there may be 33 days to get a deal done, but congress breaks for the holiday. that happens in just 15 days. white house correspondent dan lothian is live from washington this morning. dan, that clock is ticking louder and louder what is the very latest? i hear there are one-on-one meetings happening today. >> that's right. these are the president himself not sitting down and talking with lawmakers, but timothy geithner will be on capitol hill and other senior level members of the administration trying to hammer something out here. this is a complicated process. so far it does not appear the two sides have gotten closer. that's why you see the president pushing hard, first of all through social media, trying to get americans out there to pass the message along, put pressure on lawmakers to get this middle class tax cut extension down. the president sitting down with small business owners,
MSNBC
Nov 27, 2012 8:00pm PST
show." president obama can and should rely on labor to bolster his position in the fiscal cliff negotiations. labor is a major ally in protecting the middle class. today senior white house officials met privately with representatives of labor and other progressive groups. and attendees of the meeting say they were encouraged. one said, they expect taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. another attendee said the white house did not want to go over the fiscal cliff but would do so if necessary. would they do it? if it's between that and compromise on their core principles, i was left with the impression they would. white house officials also reportedly said they will insist republicans deal with the debt ceiling now as part of the fiscal cliff negotiations and not later. also today, aflcio local leaders from 33 states are putting pressure on congressional lawmakers to let the bush tax cuts expire for the wealthy and keep social security off the table. let's turn to james hoffa, general president of international
CBS
Nov 26, 2012 5:30pm PST
his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they prefer geithner over the president's chief of staff jack lew who republicans believe is stridently opposed to big changes to health care entitlements like medicare and medicaid. white house officials insist though geithner will be in the lead, jack lew won't be far from the fiscal cliff talks. >> pelley: major, what is the white house willing to put on the negotiating table? >> scott, just about everything except social security. the president argues that social security is not driving the deficit problem. it has solvency issues of its own but the president wants those dealt with downstream, sometime next year and on a separate track. now congressional republicans, especially those eager-- or at least willing-- to raise tax revenue want social security, medicare and medicaid as part of the fiscal cliff negotiations. if that's the price tag of a grand bargain, the white house says at least where social security is concerned it's not going to buy. scott? >> pelley: major, thanks very mu
CNBC
Nov 27, 2012 3:00pm EST
fiscal cliff negotiations, my advice to the president would be it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> it seems like what markets were reacting to this afternoon was harry reid saying there's been little progress. but he actually said there's been little progress with republicans. he's saying he wants the other side to concede more than they have. this is a negotiation. it's very important to remember there's going to be back and forth day in and day out. that's what we saw on capitol hill this afternoon. the markets reacting strongly to it. but the markets other day when the leaders came out of the white house also got it wrong. they said they had a constru constructive meeting. markets rallied. that was a meaningless bit of washington jargon. that sentence didn't give us any information. harry reid's sentence here today gave us information that he wants more out of the republicans. what you're seeing is an unfolding negotiation here, not something that should raise alarm bills,
CNBC
Nov 29, 2012 5:00pm EST
. eamon javers joins us with the latest on the fiscal cliff negotiations in washington. eamon. >> and this is a big one, melissa. "the wall street journal" reporting just within the past few seconds here that according to republican congress aides who have talked to the wall street journal, they say they've obtained a copy of the white house's proffer here in the fiscal cliff negotiations. this is the proffer that apparently treasury secretary tim geithner was talking to republican leaders about today. wall street journal citing a number of specifics from this proposal. let me walk you through them and lay out the implications starting with what aides describe as the white house wanting $1.6 trillion in tax increases up front as part of any new deal. the white house wanting to continue the payroll tax credit or similar policy. the white house saying that it wants a permanent increase in the debt limit and pushing a one-year extension of jobless benefits plans. this one will be the kicker, i think, to any deal that might or might not get hashed out on capitol hill. "the wall street jou
MSNBC
Nov 24, 2012 4:00am PST
the fiscal cliff negotiations. just 38 days to go and the big question now, how much might republicans try to use the president's health care plan as a negotiating chip? nbc's mike viqueira is joining me live from the white house. good saturday to you, mike. >> good morning, alex. >> let's talk about obama care. is that off the table from the democrats' perspective? >> absolutely. the thing is is that john boehner and the republicans, the last time we went around these negotiations, remember it was june of 2011, on the debt ceiling negotiations, the president and the speaker played golf, and there were all those grand bargain talks behind closed doors. republicans tried to put it on the table back then, and democrats said, absolutely no way. and i think they're going to get a similar response this time. remember, it was just a few weeks ago when john boehner after the election essentially said, there's nothing we can do about obama care. it's going into effect next year. people are going to have to start enrolling, those exchanges are going to have to get up and running. he
FOX Business
Nov 23, 2012 11:00am EST
soon. dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting members of congress to oppose any type of entitlement reform or changes. the group, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people understand where obama's intransigence comes
FOX Business
Nov 26, 2012 7:00pm EST
what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of combining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon down, both with dividend yields of just about 5%. most retailers lower on the day despite good news on the holiday shopping weekend. target and walmart among the worst -- losers. investors celebrating what some are insisting on calling cyber monday. in the treasury market, the yield on the treasury's ten year slipping slightly lower to 1% early thi
FOX News
Nov 29, 2012 3:00pm PST
developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real problem is the repu
MSNBC
Nov 29, 2012 2:00am PST
rest of us, it is another day facing the fiscal cliff. negotiators are going to talk about specific proposaals for both sides to avoid that fiscal cliff. tracy pots joins us from washington with all the details. good morning to you. >> good morning, everyone. a number of high level but individual meetings scheduled here today on capitol hill with really just a handful of lawmakers who could have a big impact on your paycheck. tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter: one conservative is suggesting that while negotiations continue, congress should stop tax rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we shou
CSPAN
Nov 25, 2012 10:00am EST
on these so- called fiscal cliff. what kind of assurances did you get from the president about his willingness to put entitlement cuts on the table in his negotiations? >> the president was crystal clear on his desire to get a conversation as a top priority before any cuts could be entertained. what we were pleased to hear, both community and labor leaders to work together in that meeting, was how completely clear the president was on respecting the will of the electorate from the november 6 election, where he believes he offered the nation a choice, and that the popular vote and the electoral vote said, yes, it is time for the wealthy americans to pay their fair share. >> did you get a sense that if he does get what he is asking for in revenue, he would be willing to entertain concessions on entitlements as well? he did do that last year with speaker boehner in the 2011 budget talks. >> the election has changed the conversation. to refer back to last summer is to talk about yesterday's news. the national debate around the presidential election and we believed completely changed the terrain for this national conversation to happen in congress. >> from news
NBC
Nov 29, 2012 11:00am PST
on fiscal cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me down anywhere near optimistic. >> reporter: one conservative republican is now suggesting while negotiations continue on whether the wealthy should pay
FOX News
Nov 27, 2012 8:00am PST
miller in jerusalem, thank you. jon: and one of the big domestic stories, the fiscal cliff negotiations underway right now. entitlement reform is a big part of those negotiations. republicans say the nation must make adjustments to those costly programs. in exchange they say they're willing to compromise on taxes but so far no word from democrats. why? we have a fair and balanced debate next. >>> plus the supreme court breathing new life into a challenge to the health care law. the latest on that coming up. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. lik
CNN
Nov 28, 2012 4:00am PST
and solvency, and we can do that in a separate setting other than this last-minute fiscal cliff negotiation. i will put medicare into the long-term negotiation here because, as i said, it runs out of money in twelve years. >> short-term what's on the table? >> what we need to put on the table in short-term is actual deficit reduction. we can do that through mandatory spending cuts in other areas. we can do it through the tax revenue that the president has called for. i think for instance, speaker of the house decided today to call the measure passed by the bipartisan senate to protect all families making $250,000 or less from any income tax increase december 31st, that would put enough revenue on the front end of this conversation to move us toward a solution. >> but so far i hear from you, in the short-term, no entitlements are on the table. >> only the medicare part of it, i want to be very careful. this means so much and we saw what a mess was made of it by paul ryan's budget, where the actual future of medicare was in doubt with his premium support plan. we don't want to go near that. we w
PBS
Nov 20, 2012 6:30pm PST
they said the fed's role in the fiscal cliff negotiations is to communicate. >> tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. >> susie: is there another role or more of a role for the fed? >> i think to be a cheerleader and to be on the sidelines telling the government they have to do what is right for the public. >> susie: as for what the fed can do if the u.s. heads into recession because of the fiscal cliff, bernanke says, not much. >> in the worse case scenario, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analysis, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the weapons
FOX
Nov 28, 2012 12:00pm PST
up 14. s & p is up 7. >>> 400,000 unemployed californians are also closely watching the fiscal cliff negotiations in washington, d.c. that's because emergency federal unemployment benefits are due to expire december 29, unless congress extends them. in california notices of the possible loss of benefits are in the mail this week. >>> powerball ticket sales are soaring today as the clock ticks down to tonight's drawing of a record jackpot. people all over the country are joining the rush to get rich. the powerball pay off has ballooned to more than $550 million. it's still growing. there are no powerball tickets sold in california. one of eight state that is don't sell powerball tickets. many are are relying on out of state friends to buy them a ticket. others are taking a trip to oregon to buy their chance at the good life. >>> today, a live look outside shows the sun has emerged from behind some of the rain clouds. the break is not expected to last for long. we're tracking the next round of storms and the impact they could have on the commute thursday. thank you for trusting ktvu, channel 2 news. w
CNBC
Nov 27, 2012 12:00pm EST
leader on capitol hill has upped the ante dramatically in the fiscal cliff negotiations. when we come back, i'll tell you exactly what he said. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consi
FOX News
Nov 26, 2012 3:00pm PST
, washington power brokers would do anything to avoid it. i'm referring to the so-called fiscal cliff. you may have heard about it. it's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize lat
MSNBC
Nov 27, 2012 10:00am PST
talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced package done. he's got to have revenue and he's also got to have some very targeted cuts. so -- and he also is trying to get across the point that republicans and democrats agree that those folks making less than $250,000, their tax cuts should be extended. so, again, we've got a situation now where the republicans can stand on the sideline or they can adhere to what the public has said in this election. they want us to get the deal done and move forward. at least we can get done what we already agree on. >> would you agree, auwould you and other house democrats agree in some ways that the cpi is calculated
CNN
Nov 29, 2012 4:00am PST
made by president obama and house speaker john boehner, both expressing optimism on fiscal cliff negotiations in the washington. in a new report from the congressional budget office it says more than half a trillion has been spent on jobless benefits over the past five years. $520 billion in jobless benefits in five years. also part of the debate, whether to extend the deadline to file for additional unemployment benefits beyond the end of the year. spending on food stamps is rising. nearly 15 million households received food stampses in 2011, up 10% from the year before according to new data from the census bureau. it shows you the far reach of the government right now in the safety net in supporting american families. all of that at the core of the debate of what's happening with the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you kn
CNBC
Nov 27, 2012 4:00pm EST
. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the markets, our own jeff cox with cnbc.com says there's a growing bit of optimism about the outlook for next year. take a look at some of the predictions from some of the street's biggest names regarding the s&p 500 for next year. it's quite a chapg for morgan stanley, by the way, whose 2012 forecast was for the s&p to close at 1167 on december 31 of this year. >> wow. they're expecting a mega rally next year. >> he hates having to come up with a number for next year, but he's doing it anyway. you can see a lot of these guys are raising their expectations for next year. >> they're thinking 250 points for next year for the s&p 500. that's impressive. should you bank on these calls or is it time to be a contrarian? jeff cox joins us along with liz ann saunders of charles schwab. liz, what do you thin
FOX Business
Nov 29, 2012 4:00pm EST
hoping to make some type of head way on the fiscal cliff negotiations. dave: peter barnes has been on tim geithner's trail all day long and joins us from capitol hill. we had little snippets of moon news that move to the markets. peter: treasury secretary left capitol hill here with republicans angry. we got a statement out of senator mitch mcconnell, senate republican leader after his meeting with tim geithner and he said, quote, they took a step backwards. according to a senate leadership republican leadership source secretary tim geithner came to the meeting basically read proposing the president's demand for $1.6 trillion in new tax revenue from wealthier americans. john boehner also met with secretary and 8 this morning and he was not happy either. take a listen. >> despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two months. >> is a tactic. it is a tactic. but the facts are these. the american people
MSNBC
Nov 28, 2012 10:00am PST
. >> the fiscal cliff negotiations the president trying to rally the middle class in favor of the tax increases on the rich, what is the next step in terms of the real key players which is the president and john boehner? i know they've been talking, there have been a lot of conversations on the phone. is there going to be a meeting? >> you know, andrea, i hesitates to make predictions but i would say that my guess we're probably in a similar place in 14 days as we are today, which is they're talking, the tax rates on the wealthy entitlement reform, these things are still on the table but we haven't had anything defintive. congress and washington in general works best and sometimes works only under a very tight deadline. i can't imagine anything getting done in the next 10 to 14 days, other than kind of the participants, the important participants getting together whether on the phone or in person to hash it out. i think we're looking at kind of closer to christmas rather than further from christmas for a deal if there is a deal chris cizilla, susan page, thank you very much. joining m
PBS
Nov 24, 2012 2:00am PST
positioning over the fiscal cliff negotiations. >> would you subpoena a deal that does not include tax rate increases for the wealthy? is that something that's acceptable? >> no. pete: and a candid assessment of the stakes from one of the g.o.p.'s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happe. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions.
MSNBC
Nov 25, 2012 9:00am PST
table. then you have speaker boehner saying that he wants obama care on the table in the fiscal cliff negotiations in reality will that be on the table, obama care in. >> you know, this is a a genius move by republicans. they wanted to repeal obama care. they would have done it had mitt romney been elected and they can't do that. boehner has said repealing it entirely is a moot issue. but getting some concessions is probably the way to do it. in part because there are democrats who agree that changes should be made and even the president has said that it's not a perfect law. do the math. deduct it a little bit or make changes to republican care. you've got the workings of a grand compromise and everyone can walk away a winner by saying, look, we changed obama care, we're going to pay down the debt. who loses in that situation? certainly on the fringes people would say it's a bad deal but pretty much both parties could walk away and say we compromised and we fixed it. >> you want to write that up and send it up to the hill there? the other hot topic on "meet the press," the gaubenghazi attack t killed
FOX News
Nov 27, 2012 3:00pm PST
democrats in negotiations with the house republicans over how the avoid the so-called fiscal cliff decided for now to forgo further talks with the top lawmakers. task now delegated to the treasury secretary geithner it go and others. instead, president obama is utahing this critical week to meet with the ceos from small and big business and middle class taxpayers before boarding air force one on friday for campaign style rally in the philadelphia area. >> rather than sitting down with lawmakers of both parties an working out an agreement, he is back on the campaign trail. we are not going to this problem creating villains and drumming up outrage. >> he will be out trying to i'm sure zero in on those states that are represented by members of the house and the senate. to try to get public support. >> republicans quickly moved to set up their own photo ops with the small business leaders. the white house said g.o.p. complaints about the president's schedule was the time for talks dwindling was disparaging to ordinary americans. >> it seems like the talks broken down. am i wrong? >> i
FOX News
Nov 27, 2012 2:00pm PST
democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust in the the entitlement program. there will be a tax increase on the wealthier americans of some size. i cannot believe that obama is going to travel around the country to make us think about this. if he doesn't think he will get them to go along with some marginal increase rates. >> dana: good point. let's get your take on that. president off campaign trail and major victory in the 2012 election. now he will go out and sell t
FOX Business
Nov 27, 2012 12:00am EST
once this obama administration priorities past and has a certain outlook and the fiscal cliff, but every single one of the people that are voting and that persons district has an interest in this fiscal cliff negotiation happening, and interest in the compromise being made. and so those -- when the first freshman wave of the party is came in in 2010, when we are negotiating the grit -- debt ceiling this would be the first a dull moment for these freshmen tea party years. this is a second of all moment, and both sides are going to have to make serious painful concessions whether democrat who sacrificed domestic spending on programs that ou think a really important or republican. and generate more revenue with taxation. what the constituents once a republicans to take their oath of office more seriously. melissa: everybody has a stake in the ground about what they want their congressman to do. all very different. that's or hung up. that's -- thank you for coming up. >> thanks for having me. melissa: an unprecedented power grab assets of violent protests as that treat sets and before israel and a mosque. how quickly could the region's fragile lps unravel? details next. plus, from black to green. retail sales knock
MSNBC
Nov 26, 2012 7:00pm PST
comments on the fiscal cliff have liberals deeply concerned tonight. this is "the ed show." let's get to work. >> this is going to get hairy. it's always harrier than it should be. >> democrats hold all the cards in fiscal cliff negotiations, but you wouldn't know it from these remarks from white house senior advisor david plouffe. >> the big
FOX Business
Nov 25, 2012 4:00am EST
each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interests in washington are pushing for an increase in the gas tax which has been stuck a the same rate for 20 years. right now the federal gas excise tax stands at 18.4 presented gallon. it raises $37 billion a year from american motorists but the federal government spent more than that, $52 billion a year on highways so there's a $15 billion shortfall which has to be borrow and added to th
FOX Business
Nov 21, 2012 12:00am EST
? plus it has the pow i and the fiscal cliff negotiations? looks like old sites may be stopping as they prepare their version of the deal. we will find off the top republican with the final outcome but look like. more money coming up. from maine to maui, thousands of high school students across the country are getting in on the action by volunteering in their community. it's great, helping others, and it feels good, too. are you in? whoa! anyone can do it. all it takes is a little time. are you in? chris young: action teams of high school students are joining volunteers of america and major league baseball players to heltrain and inspire the next generation of volunteers. it's easy to start an action teamt your school soso you, too, can get in on the action. melissa: potential fraud rocking wall street. hewlett-packard acquires a company for more than $10 billion. now hp says the exact cook the books to get the deal donn. adam shapiro has been covering the story all day and it's you with the details. we also have former u.s. attorney and federal prosecutor. i will start with adam. this
CNBC
Nov 29, 2012 6:00pm EST
-- sometimes you don't want to overthink things in an ungamable fiscal cliff negotiation, it pays to keep a chance on the maintain. it may well be the three musketeers of tech. and the best stock. barbara in texas, barbara. >> caller: hi, jim, this is barbara. i'm interested in knowing, i god in liquidity services today at 3704. it's gone down lower, and how would you -- you put a stop in around a little lower, but --. >> yeah, boy, you know you know, this is a difficult market played. i think you're in the non-beth of briefed. jim in logan. >> caller: thank you for taking my call. >> my pleasure. >> caller: my question is there's been a lot of talk about the possibility of a copper shortage. >> i read that. very interesting. >> caller: yeah. i was wondering, how does that affect a stock like caterpillar? >> they don't relate. if you're talking about the raw costs, that's largely steel. steel is in glut, and the fact is if there's a copper shortage because there's so much business, cat will be benefiting. i think that's the case. the stock acted very well today in the face of negative comme
CNN
Nov 26, 2012 1:00pm PST
averaged-priced home, the fiscal cliff negotiations could have a major impact on you. congress could limit the amount of home mortgage interest homeowners can write off their taxes. one proposal from the simpson/bowles commission would cap the deduction at $500,000. lawmakers may also limit tax breaks for second homes. distressed homeowners could also see major changes ahead. the mortgage debt relief act, which waives the tax obligation on portions of the mortgage s set to expire at the end of the year. and new estate tax rules will likely kick in. the exemption level drops back down to $1 million from the current $5 million. that's causing a mad scramble to pass real estate and other assets down to children and grandchildren, says maryland estate lawyer gary altman. >> i consider it a feeding frenzy of a tax break that's going to be going away. >> possibly the worst thing, though, for the housing market would be if there is in compromise and we end up going off that so-called fiscal cliff. then there would be a sharp cut in government spending pushing the economy into recession, rai
FOX News
Nov 27, 2012 2:00am PST
the fiscal cliff negotiation may really ride on that point. now at a white house briefing they need to double down on the long held belief households with income above 250,000 dollars must pay a higher rate. they are open to higher taxes but they are pushing the idea of eliminating deductions for high income earners. >> we will continue to wait on the president and hope he has what it takes to bring people together and forge a compromise. if he does we will get there and if he doesn't, we won't. >>> it's that simple. >> president obama is going to meet with the carefully selected group of business leaders to get their input. how the republicans will do the s same. there will be little room for compromise. >> they once again urged the senate to pick up the house passed bill extending the hacks breaks for millionaires and billionaires. as president the senate has considered this bill. we jeekted it on a bipartisan basis. it was load down in this congress. >> republicans are looking for some willingness on the part of the white house to cut spending or maybe tackle big costly entitleme
KRON
Nov 28, 2012 8:00pm PST
remarked on the importance of reaching a solution in fiscal cliff negotiations.. and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary clinton... but she has been accused by republicans of misleading americans about what prompted the deadly september 11th attack on the u-s consulate in libya. this wild scene broke out in a milwaukee courthouse today.. after a driver was sentenced to prison for hitting and killing a boy. 23-year-old dedrick ashford received a year behind bars and one year probation for the fatal crash. the victim's family members became upset after the sentence came down.. and started brawling with ashford's relatives. as many as two dozen people were involve
FOX Business
Nov 28, 2012 3:00pm EST
, fiscal cliff negotiations, and well point has received clearance from the justice department to move forward with its $4 billion purchase of rival health insurance company america group selling operations in virginia alleviating concern companies would have a monopoly in the northern part of the state to deal with the announcement in july. the proportion of student loan balances and delinquency means they aren't paid for 90 days. surpass that of credit cards in the third quarter, that is according to the federal reserve bank of new york. the financial crisis, student debt has risen 56% whereas other forms of debt credit are go -- on a mortgage declined 18%. we continue count down to the closing bell with liz claman. liz: breaking news. there may be another reason besides optimism coming out of john boehner's mouth about the fiscal cliff discussions. the wall street journal for the past 14 minutes just ran a headline by john hiltonraff ho is an insider when it comes to federal reserve reports, the fed will announce q e 4, large-scale asset purchase of some sort adding liquidity to the
Current
Nov 20, 2012 7:00pm PST
of the fiscal cliff negotiations and what lindsey graham was suggesting was that if you close some of the loopholes and deductions and revenue goes up, that's not raising taxes apparently grover norquist sees it differently but interestingly enough, there is a push then from the left as well and there are unions that have taken out ads to pressure democratic senators not to compromise. >> how do we move our country forward and reduce the deficit? by creating jobs and growing our economy. not by cutting programs that families rely on most. we need senators udall to continue to stand up for us. >> jennifer: do you think that democrats are going to feel as pressured by the unions as republicans feel pressured by grover norquist? >> organized labor is the best organized, most effective strongest arm on the left in this country. they are a great ally for the democratic party and so, of course the democrats will feel pressure from labor. they are also going to feel pressure from -- >> jennifer: are they going to compromise? >> we'll find out. the democrats aren't one party in lock step.
FOX Business
Nov 29, 2012 12:00am EST
following word of progress in congre's fiscal cliff negotiations. yeah, i will believe it when i see it. after tumbling in early trading the dow rebounded more than 200 points, closing up 10 points. see what happens when congress stops screwing things up? i don't know. we'll see. >>> disney joining a wave of companies increasing their annual stock dividend. the company will raise the stock cash payout by 25% to 75 cents a share. disney is trading up slightly of a hours on the news. >>> shares of costco leaped more than 6%. the company beat expectations for november same-store sales and announced it will pay out a special stock dividend, $7 per share. >>> now to our top story night t could be a total game-changer for pensions and municipal creditors. thenation's biggest public employee pension fund, calpers, is preparing to sue the bankrupt city of san bernardino, california, since that city stopped making payments to the pension fund. calpers says the city already owes the fund almost $7 million since filing for bankruptcy in august, on august 1st. now this is a first. i got to tell you
ABC
Nov 25, 2012 7:00am PST
staff jack lew. although that might not be announced until after the fiscal cliff negotiations. mike morales the acting director has left. he is a strong favorite to remain there although the president's counterterrorism adviser john brennan a big candidate. >> just a slightly less serious note, apparently there's going to be some head shaving on the broadcast this week. >> a first on "this week." this is right. a great story, the top spokesman who had a bet, shawn spicer and brad woodhouse. whoever lost the election would shave their head. so this was shawn spicer was supposed to shave his head. he is the rnc spokesman and when brad found out about this, we're showing it, jon karl is doing the honors. he said he would join in and shave his head. >> he has no credentials for this. >> let's see how he does. the thing is it's for a good cause, st. baldrick's center. >> anyway, you'll be joining that helps kids with cancer so end up both shaving their heads on the show today to help kids with cancer. >> anyway, you'll be joining them? >> i'll help out the cause. >> all right, great to s
MSNBC
Nov 23, 2012 11:00am PST
weekend ends, the fiscal cliff negotiations will heat up. now the speaker of the house has thrown a new problem into the talks, can a deal actually be reached? >>> shoppers looking for their own kind of grand bargain today. we're going to look at the black friday crush at shopping malls and super stores all over this country. but we start this hour with breaking news in egypt. you're looking at live pictures of tahrir square in cairo after the new egyptian president morsi gave himself sweeping new powers today. tahrir square also the heart of last year's uprising. demonstrators filled the streets of alexandria later today. morsi's new powers put his own decisions above all legal challenges until a new egyptian parliament is elected. despite the protests, morsi moving ahead with his plans at the same time insisting that his new powers are for the good ofu issued a statement moments ago saying in part, quote, we call for calm and encourage all parties to work together and call for all egyptians to resolve their differences over these important issues peacefully and through democratic
CSPAN
Nov 25, 2012 6:00am EST
pretend this is our own fiscal cliff negotiating session. which three programs that can possibly be cut absolutely must be walled off from being cut if these investments are to be maintained and not hurt the country in the future. dr. fauntroy. >> i will put it in this context. the entire budget of the u.s. department of education is less than 2% of the entire budget. will have no impact on the federal budget. you can eliminate the entire u.s. department of education budget and it will not have any impact. it is shortsighted and it will harm us in the long term. the higher levels of education people have, the more they are earning on average and the more they are paid in taxes and the less likely they are to be unemployed and getting food stamps and other social services. it helps not just people as people, but it helps the economy, the government, and competitiveness. we have already had in the last 8 years that congress has them -- eliminate funding for some programs. they eliminated the low hanging fruit. the programs left our funding for kids with disabilities, funding for high pove
CNN
Nov 29, 2012 11:00am PST
. watching the fiscal cliff negotiations closely for what could happen next to the tax goody next year. don? >> christine, thank you very much. >>> okay. the fiscal cliff, you have heard vague warnings. let's get specific about it. your child's school may have to fire teachers and educational opportunities could diminish. 200,000 children could be dropped from the head start program. carl azus is tracking this. when's on the line for schools nationwide? >> don, you have to look at how schools have felt the pain of the recession and not recovered from it. i mean, some of the things you have menlgsed have happened. we have seen teachers down sized. laid off. in some cases bought off. we have seen class sizes swell. activities cut and now what schools are faced with is additional cuts on top of that. talking about an excess of $4 billion. and the way that math works out is for every 300,000 -- excuse me, for every 5,000 students in a district, roughly $300,000 cut on average. that would put funding levels back to where they were before 2003. some people may say, okay. ten years ago, not r
FOX News
Nov 27, 2012 6:00am PST
that says medicare and medicaid should be looked at but not part of the fiscal cliff negotiations. so if that is the case you change that at all right now? >> let me say this. i know that we have people out posturing and again we have all kind of folks that just want to sweep this under the rug and let the problem get even bigger. the fact is the two most important people are the president and speaker boehner. both of them in the beginning of this have shown a degree of flexibility. what we need to do, people like myself offer concrete solutions to solve this problem. when they get in their meeting they need to have these at their disposal and we as a country again need to go ahead and deal with this issue now. i know that senator durbin actually has shown some strength for what it's worth, i don't know what he will do today in his press conference but he has been more, he has been more than willing to look at medicare reform. bill: one more question. why do you want to go after revenue at all? you're $16.2 trillion in the hole? i mean your entire life any money washington gotten it h
FOX News
Nov 26, 2012 8:00am PST
americans surveyed believe politicians will act like spoiled children during fiscal cliff negotiations. while only 28% believe lawmakers can be counted on to behave like responsible adults. chief white house correspondent ed henry has the joy of living and reporting amongst the children. i'm not sure what that makes you but you are a chief white house correspondent so what is the latest? >> reporter: there is a still a little kid in all of us, jenna. the bottom line the negotiations are obviously reefing a critical stage. white house is trading to take advantage of cyber monday, retail holiday today to put out the report you mentioned to suggest retailers will take a particular hit if they face these automatic tax increases and spending cuts that will be kicking in at the end of the year if there is no action by the white house and lawmakers on capitol hill working together. bottom line here, republicans like jeff sessions, the budget chairman in the senate, say they're willing to negotiate on all these tax rates, tax changes, et cetera, but they want to make sure there are spending cuts to g
CBS
Nov 22, 2012 7:00am PST
. >>> republicans and democrats in washington are hoping for some kind of truce to avoid the fiscal cliff negotiations will pick up again after the holiday weekend. it was in 2010 that former senator alan simpson erskine bowles came up with a plan that was ignored. their idea is getting a second look. >> reporter: two years ago, the fiscal commission that came to be called bowles/simpson issued a blueprint for the nation's fiscal problems. a blueprint that demanded so much in taxes and spending cuts it died an instant washington death. that was then. today, the politics have changed. >> say yes to simpson/bowles, mr. president. i'm willing to say yes to simpson/bowles. >> reporter: today the broad outlines of bowles/simpson are the backbone of what's being discussed in the fiscal cliff negotiations. their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right
CNN
Nov 27, 2012 11:00am PST
. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the weekend. he will continue to have discussions with those two leaders as well as leader pelosi and senator mcconnell in the days and weeks coming forward. i don't have a schedule for those conversations to provide to you, but he will speak with them and meet with them as appropriate. >> senator, all this talking, will you tell us, tell americans if you're in the loop, if you are privy, tell us who is talking to who in these fiscal cliff negotiations and where are the talks happening? >> you know, i'm not included in those talks. i've been talking with the folks in my state in kentucky, though, and they're not interested in raising taxes, they think it is a bad idea for the economy. the only way to have a stimulus to the private sector is to leave more money in the private sector. the other thing that folks in kentucky don't understand is that why is i
FOX News
Nov 28, 2012 10:00am PST
approach to the debt deal with the republicans. the fiscal cliff negotiations. the tax hike negotiations. we don't know what's in the deal. syndicated columnist charles krauthammer is saying president is interested in destroying republicans in advance of the next mid-term election. fair and balanced debate coming up. >> this is a political attack on republicans. there is no evidence right now that he has any interest in the real fiscal issue because he would have to talk about spending and entitlements and he isn't. megyn: deadly developments out of syria. two coordinated car bombs rocking the capital of damascus. a car bomb ripped through commuters, and as they rushed to help another bomb won't off. a syrian newspaper report says the attack targeted those loyal to bashar al-asaad. new questions about president obama's approach to the fiscal cliff negotiations. taxes are going to go up and there will be massive defense spending cuts come next year if they don't do something on capitol hill. we showed you at the top of the hour how the white house was grilled about what spend
CNN
Nov 28, 2012 2:00am PST
the time being the focus turns squarely on to fiscal cliff negotiations in washington, and the health of the u.s. economy. >> so let's talk about something that's good for us, right? and that's home prices. they are improving and recovering in much of the country. new home sales, those numbers come out today and we learned yesterday that home prices were up nationwide by 3.6% in the third quarter. this was according to a report by s&p case shiller. that's the biggest rise in more than two years. the cities with the strongest gains over the past year. home prices in phoenix up more than 20%. minneapolis, 9%. look at that, detroit, denver, dallas, tampa, there are only two big cities with homes losing value, just a smidge, new york, down 2%. chicago down about 1.5%. >> was that 20.4? where was that? >> phoenix. unbelievable. remember they had a huge decline, and now they're crawling out of the hole. you're seeing a lot of cash purchases and investor purchases in some of these places. some people, frankly, are, you know, they're buying up retirement -- their retirement home because they
CSPAN
Nov 27, 2012 5:00pm EST
entitlement programs. >> at afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president with eocene friends on the other side have difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense there is an opportunity at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem right now. so i would hope our friends on the other side can turn off the campaign and get into a cooperative mode here. which leads me to make further up reservation that the majority leader to create an extraordinary controversy right here when we are to be in bipartisan cooperation by threatening to employ the nuclear option, which is of course to break the rules in order to change the rules of the senate. i hope cooler heads will prevail as they move through the process. the election was november the sixth. we won't have another one for two
FOX News
Nov 27, 2012 10:00pm PST
quote, tax refunds. >> the democrats want to fold the debt ceiling into the year-end fiscal cliff negotiations. but as you pointed out, i mean, this debt ceiling is, $16.4 trillion that you are going to exceed and they will use, quote extraordinary measures or tools -- >> that's cooking the books. let's face it -- if you don't have any more money and you -- you have no more money and you can't borrow, you have no credit and you can get an extra two months, that means you are cooking the books. >> republicans have said, we are willing to work on the debt ceiling, all of those things. but we have to do something about the cause of the debt. that's runaway federal spending. >> according to the democrats, they want the taxes to go up on the rich, over $250,000, which means there would be enough money to run the government for eight or nine day, leaving 357 days unfunded. we have our structural problem. it solves the problems for eight or nine days. do they say anything about that? >> no. really, if you raise taxes on people who create jobs, i mean, they think you are going to get more revenue. you get
MSNBC
Nov 27, 2012 8:00am PST
representatives to let the bush tax cuts expire and keep social security out of the fiscal cliff negotiations. lawmakers are being presented with this written letter in part by richard trumpka who is the president of that. accusing republicans of holding the economy hostage in that letter saying the ransom demands are tax cuts for the wealthy and benefit cuts for working people. how do you respond to him saying that basically the right is holding hostage takers basically of the american economy at the expense of the working man for the benefit of the wealthiest americans? >> the only senators i've heard, you know, threaten the american public in terms of taking the economy off the fiscal cliff is harry reid, president obama, he says he wants to compromise. he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quo
CSPAN
Nov 28, 2012 1:00am EST
rice. senate majority whip david gergen on negotiations to work an appeal on the so-called fiscal cliff. after that, more from senate leaders who spoke with reporters after party lunches today at the capitol. later a discussion on how wall street investors are preparing for the possible tax hikes and budget cuts. now, republican senators on their meeting with you in ambassador susan rice on the attacks in libya that killed four americans. >> a very candid discussion with the director of the cia. we are significantly troubled by many the answers we got. the evidence was overwhelming leading up to the attack on our consulates. whether ambassador rice was informed sufficiently is a correct depiction of the events that took place. but the intervention was incorrect when she said it was a spontaneous demonstration. it was not, and there was compelling evidence that the time that that was not the case, including statements by libyans as well as other americans. mortars and rocket-propelled grenades were not spontaneous demonstrations. >> i think it does not do justice to the reality at the ti
CNBC
Nov 29, 2012 1:00pm EST
leaders involved in the fiscal cliff negotiations today. nevada, senator harry reid's home turf. jane wells is talking to reid's constituents to find out how the fiscal cliff is affecting them. jane. >> reporter: harry reid's state has the highest unemployment rate and the second highest foreclosure rate in the country. and in nevada's second biggest city, one powerful man is concerned the fiscal cliff could bring on an economic reno 911. >> do a quick overview here. you're looking at a county the size of the state of plain. >> reporter: lance gillman is straight out of the wild west. he says he's used cash to build the tahoe reknee industrial center, a growing manufacturing and distribution hub. >> it's the largest fee-owned property in the state of nevada. >> reporter: he's been elected county commissioner and he owns a famous brothel. the mustang ranch. you have to be the most diversified businessman in america. wouldn't you say? >> i have a diversified portfolio. >> reporter: gillman is a republican in a state represented by one of america's most powerful democrats, harry reid. >>
CNN
Nov 25, 2012 3:00pm PST
been following the fiscal cliff negotiations. >> martin, with congress returning this weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i think first of all the markets are going to start reacting. >> it's not a done deal and not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across-the-board cuts lawmakers say should concern everyone. >> i think you should be worried if you have a fence job we all ought to be worried whether we are dependent upon other aspects of the federal bud
CSPAN
Nov 29, 2012 7:00am EST
thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has
MSNBC
Nov 29, 2012 10:00am PST
ask you about the current arguments about the fiscal cliff. and your perspective as senior editor who has seen so many of these negotiations in the past. mitch mcconnell's office issued a state, it's a negative one indeed. he says, in part that today they took -- they meaning the white house -- took a step backward moving away from consensus significantly closer to the cliff delaying again the real balanced solution that this crisis requires. of course we'll see a lot of posturing from both sides. are you persuaded that the administration needs to, and is prepared to do enough, on the medicare side, on the entitlement side, as well as getting these revenues, you know, from the republicans, concessions that speaker boehner says are on the table? >> well, i think the question of what's enough is a big question. but i have felt that both sides were going to be turning some toward the middle and the congress was going to catch up with the citizenry on all of this. i mean i am not -- i cannot possibly be described as a deeply informed about the fiscal cliff because i've been working on the book rather than other things. i feel i'm
MSNBC
Nov 29, 2012 8:00am PST
these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top of the show, from politico, the fiscal framework emerging. are the contours of the deal really taking shape? you heard kristen welker saying the description
CSPAN
Nov 28, 2012 7:00am EST
hour of today's show we will be turning our attention to parts of the so called "fiscal cliff" negotiations. today we are focusing on the bush-era income taxes. we're having a roundtable discussion in our last hour from a democratic and republican perspective on that. so stay with us. madeleine in thousand oaks, california, republican. caller: i am the wye fire the teacher. i feel i am an independent republican. -- i am the wife of a teacher. in california we feel we have too many administrators. the teachers need time to get further education and that should be demanded. there are teachers who should not be there. but there are parents who are very aggressive who come to school and have come on the playground and have hit the teachers. the teachers have insurance if something happens. one student came to school with her mother is underpants. it's not only the military that get tempted, but teachers get tempted also. host: we have a line set aside for educators this morning. we want to hear from them as well as we continue this discussion on how you would fix your school system. yesterday in washi
CNBC
Nov 28, 2012 1:00pm EST
over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it when we come back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> all three of the major indices in the green with the dow leading the way up 66 points on the trading session or .5%. >>> down to the nyse floor, trading action there, bob pisani is back w
CNBC
Nov 26, 2012 4:00pm EST
president's chief economic adviser about the fiscal cliff negotiations as second hour of the "closing bell" gets under way right now. >>> welcome to "closing bell." bill griffeth rejoins us in a moment. no follow-through rally. stocks closing in the red on fiscal cliff fears. dow jones lower by 43 points, 12,966. nasdaq finishes higher by nearly 10, 2,976. and the s&p down almost 3%, 1406. >> the deadline for the fiscal cliff is nearly one month away. if we go over that cliff, russ says some investors are not prepared for that decline. >> he joins us now a long with michael, cnbc contributor for destination wealth management and mary thompson joins us as well. russ, you're saying it's not priced in at this point. what should we be worried about? >> it's not priced in. it's very hard to find much evidence, either from investors or the sell side that people really expect to go over the fiscal cliff. i think what that means is if we get into the end of the year and looks like negotiations are not going forward, we may not solve this before 2013, we're likely to see rise in volatility, li
Current
Nov 26, 2012 6:00am PST
obamacare on the table for the fiscal cliff negotiations. even in their -- they're weaseling, watch the way they're putting this backing off the grover norquist pledge thing. how weaselly they are about it. lindsey graham, the way he put it was that we'll put getting rid of certain deductions on the table. that will be our revenue enhancement. so he's saying all right if we do what romney wanted to do, i'm willing to break the pledge. >> stephanie: right. exactly. >> it's not raising taxes. it is not raising the rate of taxes. it the is just cutting the -- the deduction for capping emissions on your jet. >> stephanie: i think the good news is the president has cut through that [ bleep ] he said if you come to me and say can we kind of do this and close the loophole and something that's not exactly a tax increase. he said no. we're wise to what you're talking about. >> that's the softening of rhetoric you're seeing on the right is in response to a president that now really has nothing to lose. so why not -- so why not at least try to sound reasonable, back off the radical positions. >> steph
MSNBC
Nov 26, 2012 11:00pm PST
comments on the fiscal cliff have liberals deeply concerned tonight. this is "the ed show." let's get to work. >> this is going to get hairy. >> democrats hold all the cards in fiscal cliff negotiations, but you wouldn't know it from these remarks from senior adviser david plouffe. >> revenue and how much and where does it come from. democrats are going to have to step up and do some tough things. >> congressman peter defazio is here to respond. >> ceos begin their campaign to roll back the social safety net. >> social security wasn't support you for a 30-year
NBC
Nov 29, 2012 4:00am PST
of us, it was another day of facing the fiscal cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with bo
MSNBC
Nov 22, 2012 12:00am PST
care act on the table in fiscal cliff negotiations. congressman elijah cummings will respond. papa john's plays politics with pizza and the people fight back. >> no, no, no, no. >> we'll tell you about the pizza maker's face-saving move. and republicans never rest. ohio senator turner on the effort to block the vote in 2016. >>> and political comedian, baratunde thurston on how to talk to this guy at thanksgiving. ♪ i want my country back, country back, country back ♪ . >>> good evening, folks. thanks for watching. someone needs to sit down with the republicans and explain to them how negotiations work. when you have no leverage, you don't get to make outlandish statements and demands. house speaker john boehner recently called himself the most reasonable man in washington, but in an editorial for the cincinnati enquirer today, boehner took the very unreasonable position of including obama care in debt negotiations. "the president's health care law adds a massive, expensive, unworkable government program at a time when our national debt already exceeds the size of our country's
PBS
Nov 27, 2012 6:00pm PST
the fiscal cliff negotiations, my advice to the president would be... it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity here at the end of the year to do something something important for the country. >> brown: at the same time there were some signs on both sides of the aisle that there might be a little give in previous positions. republican senator bob corker of tennessee outlined his proposal in the "washington post." he called for tax revenue increases, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left, democratic senator dick durbin of illinois urged liberal groups
MSNBC
Nov 29, 2012 12:00pm PST
the other side of this fiscal cliff negotiations and those are cuts. bowles told reporters yesterday it seemed as though republicans were clear there's a need for revenue and democrats need to recognize the need for entitlement reform. what exactly do you think, if you can peer into your crystal ball, what's exactly on the table here. you know, are we going to get -- >> i can't see the crystal ball. it's in the studio. >> are we going to get significant entitlement reform or are we probably going to be left with at best maybe raising the retirement age for social security or raising the eligibility age for medicare? >> you know, i'd be very surprised to see social security be a part of the discussion here. >> at all? >> because it's not really kind of a huge driver of the deficit we're talking about right now. it's really the health care programs. but i think if you just pull back and make it really simple for a second, what you see are the democrats are saying, wait a second. increasing taxes a little bit on the rich or significantly on the rich, however you want to look at it, is p
MSNBC
Nov 29, 2012 11:00am PST
on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually strengthens our hand. i haven't changed my mind. i'm not going to come out here and be disingenuous to people. i think it would be a step in the right direction. >> today john boehner expressed disappointment at where the negotiations stand. as our first read team points out, by siding with the white house tom cole may be helping boehner get the deal he wants. joining me now, political editor mark murray. why do you think tom cole has strengthened the speaker's position, negotiating position he goes in with? >> it has given john boehner some cover. you now have a conservativconse albeit establishment member of the house republican party who is essentially going to the left of john boehner. of cou
CNBC
Nov 26, 2012 2:00pm EST
confirmation bat many which many expect at the same time as the fiscal cliff negotiations could be a big distraction here in washington. elisse walter gets the nomination. she's a sitting commissioner right now. she's been around washington for a long time, been involved with some organizations here in town over the past several years. she was an acting sec chair during 2009, the transition between the bush and obama administrations. but already people are starting to turn to the legacy here of mary shapiro who took office, as you recall, right in the depths of the financial crisis and right off the fraud by bermy nay do have had been exposed throughout the world with far reaching implications for the sechlt. c and how it governed regulation over financial markets. already folks looking at the legacy of shapiro. s.e.c. pointing out today that they've got a record number of enforcement actions in the past two years. 1,469, to be precise. also huge expanse of dodd-frank rule makings will be part of her legacy here. and response to the flash crash, another item that's going to be long lasti
MSNBC
Nov 27, 2012 6:00am PST
. >>> a long, drawnout fiscal cliff negotiations aren't to go the market any favors. becky quick is here with the market rundown. becky, i'm just thinking, how is the market going to handle what i'm sorry to say is going to be a very repet it tiff next couple of weeks? none of the real deal making is happening. >> reporter: there's some serious issues out there. we had roger atman on the show. >> potential treasury secretary. >> reporter: a former deputy secretary. he said, look, we could be in for some really rough riding over the next several weeks. if you get up towards december 15 and beyond, if there's not a deal, his guess is the equity markets will react much like they did back during t.a.r.p. i don't know if you remember that but when the house was expected to pass t.a.r.p. it was brought to the floor and voted it down. the market's instantaneous reaction was to drop 800 points. he thinks we would see similar moves like that and that would be what would put pressure on both sides to kind of come together and come up with some sort of a deal. so he's looking at a replay of this if
MSNBC
Nov 27, 2012 9:00am PST
of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the display when telemundo's jose diaz-balart joins us ahead. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only na
FOX
Nov 23, 2012 5:00am PST
fiscal cliff negotiations get under way. supporters are pushing lawmakers to protect social social security, medicare, and medicaid. the lobbiest with the defense industry they are also trying to fight spending cut backs. and the companies that make medical devices they are are trying to block new taxes from taking effect on their products because of the new health care reform law. a package of tax hikes and spending cuts known as the fiscal cliff will take effect in january unless congress can do something to balance the budget. >>> happening right now workers at walmart stores starting to walk off the job during the big holiday shopping rush. i want to take you to texas just got this in. workers walked off the job right as shoppers were getting ready to go into the store. other protests are planned in walmarts throughout the bay area. employees say they want walmart to pay better wages. while some say they will still shop at al port others say -- walmart others say they will support those workers. >> if they walk out, i'm not going to shop until they settle with them. you can bet
MSNBC
Nov 27, 2012 11:00am PST
signaled that early on during that fiscal cliff negotiation, if he were to get re-elected, he sees at least a little bit of leverage there, if not a mandate to be able to go and campaign outside to put pressure on house republicans who might be thinking about maybe signing onto something but not totally sure if they will. use some of that outside pressure to try to sway them to be more open to compromise. >> all right. thank you. let me bring in maryland congressman, chris van hollen. thank you so much for your time. >> tamron, it's great to be with you. >> let me get your reaction to speaker boehner's words, and he said the target of the president's rally should be the congressional democrats who want to raise tax rates on small businesses rather than cut spending. your reaction, sir? >> look, the president is doing exactly the right thing. first of all, during the campaign he was crystal clear that if we take a balanced approach to reduce the long-term deficit, that requires a combination of cuts. it also means asking high income individuals to pay a little bit more. that was a key
FOX Business
Nov 27, 2012 4:00pm EST
said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. >>> shares of green mountain coffee though jumping after the bell. the company brewed up better than expected fourth quarter results. investors also cheered the company's new hire. david: fiscal 2013 forecast. >>> the xbox may be the gift of choice for many holiday shoppers this season. microsoft said it sold more than 750,000 videogame consoles during the black friday week. that outpaced nintendo's wii u which sold 400,000 units in the first week on u.s. market. microsoft reports that the windows 8 operating system registered 40 million upgrades since its launch october 26th. that's the latest from fox business network, giving you business network, giving you the power to prosper can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open ll night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping a
PBS
Nov 20, 2012 10:00pm PST
weathered those attacks and they came out on top. so when they come to a fiscal cliff negotiation, they're saying why should we compromise when you attacked us on the paul ryan budget and we're still standing? voters voted for us. so i think it's less likely we're going to see kind of a grand compromise because both sides are very entrenched. >> woodruff: even with that small pick-up of democrats in the house and even though the presidential vote was bigger than the overall house republican vote? >> right. i mean that's... both camps, you know,. >> woodruff: we'llave an argument. >> i think when it comes to the .. there's all sorts of discussion on the fiscal cliff. president obama and speaker boehner are probably more willing to compromise, but their caucuses and their parties are very entrenched. i don't think we know what's going to happen out of this. >> woodruff: we certainly don't. nathan gonzales of the rothenberg political report, thank you for coming back to talk to us. >> thank you so much. >> brown: now that new york and new jersey have been hit by two destructive storms in less
CNN
Nov 29, 2012 8:00am PST
the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagues he's in a meeting with house speaker john boehner and mitch mcconnell, top republican in the senate, as well as nancy pelosi, the top democrat in the house. now coming out of the meeting with senator reid, i'm not getting much at the moment from sources but one democratic aide tells me the following. he says that we -- this aide told me, we're all on the same page today. it's more about republicans. that goes without saying, because these negotiations really were focusing on the negotiations between the white house and speaker boehner, even before the meeting, which the treasury secretary and speaker boehner, a spokesman gave us this following statement, ashleigh. i want to read to you. he says, we acce
MSNBC
Nov 23, 2012 6:00am PST
weighs in on the tough road ahead for fiscal cliff negotiations. and still ahead, the great holiday escape. tracking the best deals and discounts for your getaways. is it better to be the early bird...or the earliest bird? on black friday, it doesn't matter, as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop ta
MSNBC
Nov 28, 2012 11:00am PST
strategy when it comes to the fiscal cliff negotiations. instead of meeting with republicans behind closed doors the president urging the public to apply pressure on the gop. earlier today, the president met with middle class americans at the white house and urged house republicans to extend tax cuts. democrats say would benefit 98% of americans and 97% of small businesses. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and just a few hours ago we found out the president will be hosting mitt romney for lunch at the white house tomorrow. it will be their first face to face since the last presidential debate and since governor romney accused the president of essentially buying the election. meanwhile, speaker boehner trying to keep the party's message united with taxes and pushing back against statements of gop congressman cole for republicans to fall in line with the president. >> i told tom earlier in our conference meeting th
FOX Business
Nov 28, 2012 9:20am EST
the fiscal cliff negotiations will speak successful. use the word optimistic. market coming back a little on that. as we told you earlier forbes saying that 11 states are in a death spiral. their words. don't buy house in the 11 states, don't invest in their municipal-bond. joiiing us from one of those states is scott kennedy in chicago, ill.. what do you make of that? >> i totally agree. i am not going to buy another house in this state ever again and as markets said, at some point we will run out of spending other people's money. we can support the maxes with the tax rate here and obamacare on top of that. we are in a death spiral and more people will be leaving the state. stuart: i think you are a lifelong illinois guy and you are saying you would never again buy house in this state? really? >> do you know what the real-estate taxes are here? astronomical land set to go higher so we are going to be taxing those who bought houses already. people are not going to buy any more but they can't rent either because nobody is buying. we have a situation where you can have any housing. w
CNN
Nov 27, 2012 8:00am PST
playing a leading role in these live in negotiation negotiations -- fiscal cliff negotiations. gene spellering, an adviser and rob neighbors. again, it will be timothy geithner taking the leading role. we expect behind the scenes the president himself is actively involved. we don't know of any additional meetings that will be taking place. yes, you know, you do hear from some republicans who are saying you know, where is the leadership from the president. they want to see the president more actively involved. the president will be hitting the road this friday to make his case for these middle-class tax cuts being extended for middle-class americans. for wealthy americans that pay more, sort of pushing his case. and as you pointed out, the president meeting with business leaders here at the white house tod today. harsh criticism coming from capitol hill, from senate leadership, republicans who say the president should be spending time negotiating with them, not campaigning on the road. listen to what mcconnell had to say today. >> it was with some concern that i read this morning tha
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